Triple Net Bank Branch
For Sale
Contact for pricing
Pending
100 W Sierra Madre Blvd, Sierra Madre, CA 91024
Eight Bank of the West branches are offered with a brand-new absolute triple net lease at close of escrow.
Property SizeContact for details
Days on Market137
Property Features for 100 W Sierra Madre Blvd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
CBRE - South Bay
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Aug 25 at 10:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Investment Insights
Based on property information with market context.
CBRE is pleased to offer for sale a portfolio of eight Bank of the West branches throughout Southern California. Upon close of escrow, the tenant will execute a brand-new absolute triple net lease. The lease provides for a 10-year corporate guaranteed term, with 10% rental increases occurring every 5 years throughout the primary term and option periods.
The Bank of the West branch noted in the offering is located along the “Old Town” street of Sierra Madre Boulevard in Sierra Madre. The property is immediately located next to several local and national retailers.
Bank of the West is headquartered in San Francisco and is identified in the remarks as having $96.3 billion in assets as of 9/30/2020, along with a Standard & Poor’s “A” rating. The remarks also cite over $118M in deposits for the Sierra Madre location.
The Bank of the West branch noted in the offering is located along the “Old Town” street of Sierra Madre Boulevard in Sierra Madre. The property is immediately located next to several local and national retailers.
Bank of the West is headquartered in San Francisco and is identified in the remarks as having $96.3 billion in assets as of 9/30/2020, along with a Standard & Poor’s “A” rating. The remarks also cite over $118M in deposits for the Sierra Madre location.
Key Highlights
- Portfolio of eight Bank of the West branches in Southern California offered for sale.
- Tenant will execute a brand‑new absolute triple net lease at close of escrow.
- 10‑year corporate guaranteed lease with 10% rental increases every 5 years during the primary term and option periods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Home Improvements & Furnishings 28%
Shops & Services 28%
Starbucks
Dining
6,678 visits/mo
0.2 miles
Arnold's Frontier Hardware
Home Improvements & Furnishings
4,227 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,174 visits/mo
0.2 miles
Demographics for 91024, CA
11,268
Population
5,113
Households
2.2
Avg Household Size
48
Median Age
65%
College-Educated
98%
High-School Grad
3.5 sq mi
ZIP Area
3,219
Density / Sq Mi
$141,094
Median Household Income
$83,231
Median Earnings
$2,086
Median Rent
$1,172,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Eight Bank of the West branches are offered with a brand-new absolute triple net lease at close of escrow.
Where is this bank located?
The property is located at 100 W Sierra Madre Blvd Sierra Madre, CA.
What are key features of this property?
This property features: Portfolio of eight Bank of the West branches in Southern California offered for sale.; Tenant will execute a brand‑new absolute triple net lease at close of escrow.; 10‑year corporate guaranteed lease with 10% rental increases every 5 years during the primary term and option periods.
